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Higher Ed-capital Improvements

This bill failed and is no longer moving.

IL SB 691 · Senate Bill · 102nd

Stage
Failed
Started in
Senate
Sponsor
1
Latest action
Jan 10, 2023

What it does

Amends the University of Illinois Act. Provides that the Board of Trustees of the University of Illinois has the power to enter into financing agreements in connection with the financing of capital improvements, including technology or other related improvements, by selling certificates of participation in the installment payments made under such financing agreements. Provides that these financing agreements may be entered into for any period of time less than or equal to 30 years, but not to exceed the useful life of the capital improvement. Provides that if the Board exercises the power to enter into financing agreements for capital improvements, the Board shall adopt a resolution or…

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This bill failed and is no longer moving.

Failed

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HIGHER ED-CAPITAL IMPROVEMENTS | 52